Ahluwalia Contracts wins contracts worth Rs. 262.23 crore

The leading construction company has secured an order inflow of Rs. 262.23 crore for FY19-20, as of the end of June. The new order wins are for construction of institutional, commercial complexes including electrical, plumbing and firefighting works.

Ahluwalia Contracts (India) announced that the company has secured new orders aggregating to Rs. 262.23 crores for building institutional and commercial complexes and scope of work includes electrical, plumbing and firefighting services. Of these, new orders of Rs. 130 crore are for the construction of Amity University in Mohali, Punjab and worth Rs. 132.23 crores for other construction work.

The company is also expecting a project valued around Rs. 874 crore in which is has secured L1 status.

Ahluwalia Contracts is an integrated construction company with expertise in buildings residential and commercial project, hotels, hospital and medical colleges. The company has more than 45 ongoing projects across 23 cities in 9 states. The company focuses on government projects with a continuous reduction of exposure to private sectors.

Reacting to this positive development, the stock of Ahluwalia Contracts was quoting Rs. 335.50 per share, up by Rs. 5.50 or 1.67 per cent in the afternoon session on Monday.